WEST PALM BEACH, Fla. — Florida voters will decide three statewide amendments when they head to the polls on Tuesday, with a property tax proposal drawing the most attention.
Amendment 1 would boost Florida's budget stabilization fund from 10% to 25% and require annual transfers into the fund of up to $750 million.
Lawmakers would be allowed to use those reserves for certain critical state needs. Supporters say it strengthens the state's financial safety net, while critics argue the money is better spent addressing current needs.
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Another measure on the ballot, Amendment 2, would exempt agricultural equipment and other farm-related tangible personal property from property taxes. Supporters say it would help farmers and the agriculture industry. Opponents say it could reduce revenue for local services.
Amendment 3 would increase the homestead exemption for non-school district property taxes to $150,000 in 2027 and $250,000 in 2028. Supporters say it would provide relief for homeowners and limit government spending. Opponents warn it could reduce local revenue.
All three amendments need 60% approval to pass.
Early voting ended Saturday in Martin and Okeechobee counties and wraps up Sunday in St. Lucie, Indian River and Palm Beach counties.
Election Day is Tuesday Nov. 3. Polls are open from 7 a.m. to 7 p.m.
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